This has happened so many times before throughout history; just over a decade ago in Argentina, for example, the government was in the middle of a debt and currency crisis. They shuttered bank accounts and completely vanquished the savings of their citizens.

Here’s my advice, plain and simple: do not hold the preponderance of your assets in insolvent, bankrupt nations. This includes the United States, Japan, and most of Europe.

Rather, move at least a portion of your assets to stable, independent countries. These are the same places that we routinely discuss in this column– Hong Kong, Singapore, Chile, Norway.

An Argentine friend of mine is staying down here at the farm with me, and this morning over breakfast I informed him this morning about what happened in Cyprus.

“Duh,” he responded. “What did they think would happen…?”

It just goes to show, there are two types of people– (1) Those who know that these things happen, and (2) those who refuse to believe that these things can happen.

One group will be able to protect what they have. The other will become victims.

About the Author

Simon Black is an international investor, entrepreneur, and founder of Sovereign Man. His free daily e-letter Notes from the Field is about using the experiences from his life and travels to help you achieve more freedom, make more money, keep more of it, and protect it all from bankrupt governments.